• Bloomberg

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The popularity of K-pop is taking a dive — at least in the stock market — after South Korean police confirmed a member of the Big Bang boy band is being investigated as part of a probe into prostitution at Seoul nightclubs.

Initial media reports that surfaced last week have divided the band’s young fan base on social media. Stocks of talent agencies took a plunge Monday after Yonhap News named Seungri, nicknamed “Korea’s Great Gatsby” for his opulent lifestyle, as a suspect in a probe involving prostitutes at clubs in the Gangnam area in Seoul. Prostitution is illegal in South Korea.

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